What is an Assumed Name
What is an Assumed Name?

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What is an Assumed Name?

Sometimes a business may want to transact business under a different name than its official Corporate name. This is referred to as using an Assumed Name, or Assumed Corporate Name.

Some states refer to an Assumed Name as a "Fictitious Name", "Trade Name" (not trademark) or "DBA" (Doing Business As). Using an Assumed Name allows you to present yourself to the public as a different business entitiy, while using only one Corporation or LLC and keeping only one set of books.

A business with an Assumed Name is not separate from its owners. An Assumed Name in itself does not include the liability protections of a registered Corporation.

Corporations and LLCs often use an Assumed Name to market a separate product or service. Owners of a business with an Assumed Name are responsible for all business legal obligations and taxes.

If you want to operate under an Assumed Name you are required to register, usually in the county in which you are going to conduct business. In some states an Assumed Name has an expiration date.
CORPORATE GLOSSARY
 
Administrative Dissolution
Agent for Service of Process
Apostille
Apportionment
Articles of Incorporation
Articles of Organization
Assumed Name
At Will LLC
Authorized Shares
B Corporation
Benefit Corporation
Board of Directors
Business Dissolution
Business Entity
Bylaws
Certificate of Existence
Certificate of Status
Certified Copy
Close Corporation
Common Stock
Conversion
Corporate Bylaws
Corporate Name Reservation
Corporate Stock
DBA
Disregarded Entity
Dividends
ESOP
Excise Tax
Federal Tax ID
Ficticious Name
Foreign Qualification
Franchise Tax
General Partnership
Good Standing Certificate
Incorporator
Involuntary Dissolution
IRS Form 966
ITIN
Limited Liability Company
Limited Partnership
Liquidation
LLC
LP
Majority Shareholder
Meetings
Merger
Nexus
Non-Stock Corporation
Nonprofit Corporation
Obligated Member LLC
Organizer
Paid-in Capital
Paid-in Surplus
Par Value
Personal Service Corporation
Preferred Stock
Privilege Tax
Professional Corporation
Professional Service
Proxy
Registered Agent
Registered Office
Reporting Requirements
Revocation
S Corporation
Series LLC
Service Mark
Shareholder
Sole Proprietor
Stated Capital
Statutory Agent
Stock Certificate
Term LLC
Trade Name
Trademark
Trust
Trustee
Winding Up
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